Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,173,936 members, 7,890,077 topics. Date: Monday, 15 July 2024 at 08:54 AM |
Nairaland Forum / Nairaland / General / Business / Youwin Business Competition 2013 (392858 Views)
Tips For Youwin Business Competition For 2015 / Apllication For YOUWIN Business Competition Extended To January 21st, 2014 / Youwin Business Competition 2013 (2) (3) (4)
(1) (2) (3) ... (32) (33) (34) (35) (36) (37) (38) ... (149) (Reply) (Go Down)
Re: Youwin Business Competition 2013 by edundayo(m): 4:16am On Aug 14, 2014 |
Adulphus: Nice one but if I counted correctly that's 142 words and I think the BEP' is overrated, what I know is; 'total sales income=total operational cost' at BEP. |
Re: Youwin Business Competition 2013 by edundayo(m): 4:27am On Aug 14, 2014 |
Coolkizzy and Bigboyz32 you guyz rock, those who can 'inspite of percieved undue advantage' add values to people's life like that are already a success no doubt...(IJN) CoolKizzy: Coolkizzy I think now you can answer your own question above.....lol 1 Like |
Re: Youwin Business Competition 2013 by aofete: 6:29am On Aug 14, 2014 |
11,988,000/1,100,000 = 10.9 = 11months On this line where did 1,100,000 comes from please share light on it |
Re: Youwin Business Competition 2013 by chukwuka12: 7:32am On Aug 14, 2014 |
@Aofete, from his analysis, although he didn't state it, he produces about 407 units per month, he sells at 2700, therefore 2700*407=1,100,000 I would have just done 4440/407= 11 months. (My thinking please) |
Re: Youwin Business Competition 2013 by aofete: 7:56am On Aug 14, 2014 |
Please show how you got 407 units per month in calculation |
Re: Youwin Business Competition 2013 by chukwuka12: 11:26am On Aug 14, 2014 |
Divide 1,100,000 by the price which 2,700= 407 |
Re: Youwin Business Competition 2013 by dstan(m): 11:28am On Aug 14, 2014 |
Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th. |
Re: Youwin Business Competition 2013 by bizhub: 12:24pm On Aug 14, 2014 |
May the almighty bless those sharing their experiences.my pastor said that giving out valuable information is like a seed uve sown...that's why brian tracy,sam adeyemi,robert kiyoski,donald trump,john maxwell,sunny success digest will keep excelling in life than those that hoard ideas,information...The same principle of sowing and reaping ,giving and receiving...is applicable here..If you r hoarding ur idea nowahala but please don't discourage others...aradite |
Re: Youwin Business Competition 2013 by KappaJ1: 12:31pm On Aug 14, 2014 |
Well done guys. Good job sharing ideas. I will be doing mine on 22nd Aug. Pls 4 those that have done, do they have a projector? If u have a software product, will u be asked to demonstrate it? |
Re: Youwin Business Competition 2013 by Denn(m): 2:00pm On Aug 14, 2014 |
KappaJ1: Well done guys. Good job sharing ideas. I will be doing mine on 22nd Aug. Pls 4 those that have done, do they have a projector? If u have a software product, will u be asked to demonstrate it? i would advise you go with a device that can run your software if it is fully designed or the schematics. you can aslo go with a laptop....remember it is a prsentation to 4 people. a projector might not be feasible. ...my assumptions. 1 Like |
Re: Youwin Business Competition 2013 by CoolKizzy(m): 2:13pm On Aug 14, 2014 |
edundayo: Coolkizzy and Bigboyz32 you guyz rock, those who can 'inspite of percieved undue advantage' add values to people's life like that are already a success no doubt...(IJN) Lol, mine wasn't even collected from me, I had title to five of them to use, they were viewing my main application on their laptops. 1 Like |
Re: Youwin Business Competition 2013 by KappaJ1: 2:15pm On Aug 14, 2014 |
Denn: thanks bro. I'll go with ur advice. |
Re: Youwin Business Competition 2013 by neksummi(m): 3:04pm On Aug 14, 2014 |
CoolKizzy: Thanks for this information. |
Re: Youwin Business Competition 2013 by Nobody: 3:32pm On Aug 14, 2014 |
neksummi: obiscolly:Have you done your presentation? |
Re: Youwin Business Competition 2013 by bizhub: 3:33pm On Aug 14, 2014 |
Please does anyone have idea how many people they want to take?My friend just finished his interview in enugu today,and the insisted he should bring down the amount he applied for...and he refused..please what are the implications?? |
Re: Youwin Business Competition 2013 by dstan(m): 4:28pm On Aug 14, 2014 |
Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th.....please a good samaritan help out |
Re: Youwin Business Competition 2013 by neksummi(m): 5:02pm On Aug 14, 2014 |
dstan: Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th.....please a good samaritan help out Haven't done my interview but here's my take on your issue: - Go with the tax clearance of the previous business. - Don't know if different businesses owned by the same owner need different TINs (Tax Identification Number) If so, get the TIN for the new business. - Then go explain the situation to them. I guess you should be covered with this strategy. All the best. Mine is in Abuja too 28th. blink182: Have you done your presentation? Not yet chief. Mine is exactly 2 weeks from today! 3:00 - 3:40 pm. Thanks for the concern. |
Re: Youwin Business Competition 2013 by obiscolly(m): 6:07pm On Aug 14, 2014 |
blink182: Have you done your presentation?Yh had mine today. Glad it went fine. |
Re: Youwin Business Competition 2013 by obiscolly(m): 6:10pm On Aug 14, 2014 |
dstan: Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th.....please a good samaritan help outI think it's not all that necessary. Just go with your CAC certificate. I even had mine without certificate or clearance because it wasn't ready. |
Re: Youwin Business Competition 2013 by Adulphus(m): 6:46pm On Aug 14, 2014 |
YOU DON'T NEED PROJECTOR. ALL YOU NEED IS FIVE COPIES OF YOUR BUSINESS TEMPLATE AND OTHER NECESSARY DOCUMENTS REQUIRED. GOOD LUCK |
Re: Youwin Business Competition 2013 by dstan(m): 6:55pm On Aug 14, 2014 |
@necsummi and obiscolly,you r appreciated,I will take to ur advise....all d best to us all |
Re: Youwin Business Competition 2013 by medoty: 7:16pm On Aug 14, 2014 |
CoolKizzy:Do they have d soft copy of our second stage application with them? Do they go outside the interview template? Thanx in anticipation of your answers |
Re: Youwin Business Competition 2013 by neksummi(m): 9:12pm On Aug 14, 2014 |
medoty: Good question. dstan: @necsummi and obiscolly,you r appreciated,I will take to ur advise....all d best to us all You're welcome. I'm Neksummi NOT Necsummi. All the best to you too. |
Re: Youwin Business Competition 2013 by CoolKizzy(m): 11:02pm On Aug 14, 2014 |
medoty: yes they did, industry knowledge, trying to find a flaw in ur claims, making ur business seem impossible, |
Re: Youwin Business Competition 2013 by aofete: 5:55am On Aug 15, 2014 |
In calculation, you don't just introduce a variable without an origin. 407 is not the monthly production from my calculation, somebody should look at it and say something chukwuka12: @Aofete, from his analysis, although he didn't state it, he produces about 407 units per month, he sells at 2700, therefore 2700*407=1,100,000 |
Re: Youwin Business Competition 2013 by aofete: 6:34am On Aug 15, 2014 |
Please let me know how 1,100,000 came about in this computation Adulphus: |
Re: Youwin Business Competition 2013 by Adulphus(m): 7:13am On Aug 15, 2014 |
aofete: Please let me know how 1,100,000 came about in this computation Remember the question was to give a summary of Ur financial analysis. If am to bring the origin of the Variable dat means is no longer a summary. U were NT ask to give Ur full financial calculation. NOTO: More also Ur summary must corespond with wat U have in Ur Cash Flow template U summited, U must be consistend. Use my above arrangement n do Urs, I av done my interview n it was Great..... GoodLuck |
Re: Youwin Business Competition 2013 by ciscaos(f): 7:31am On Aug 15, 2014 |
Adulphus:pls house, i feel the financial summary they want is the one stated at the bottom of Ur summary sheet on Ur cash flow. |
Re: Youwin Business Competition 2013 by Adulphus(m): 9:03am On Aug 15, 2014 |
aofete: 11,988,000/1,100,000 = 10.9 = 11months 1,100,000 is the amount I will reach per month to reach profitable in the next 11months |
Re: Youwin Business Competition 2013 by neksummi(m): 9:19am On Aug 15, 2014 |
Adulphus: YOU HAVE TO KNOW YOUR FINANCIALS, KNOW YOUR COMPETITORS, YOUR MARKET AND MARKET STRATEGY. YOU MUST BE ABLE TO SPEAK GOOD ENGLISH AND BE ABLE TO CONVINCE THEM. THERE ARE 52 PANELIST DIVIDED BY 13 PANELS = 4, SO YOU WILL BE FACED TO DEFEND YOUR PLAN IN THE PRESENCE OF 4 PANELIST. FOR THOSE GOING TO ENUGU, PANEL 11 IS VERY FAIR AND THERE ARE GOOD PEOPLE. I have a problem with your inclusion of capital cost as part of the fixed cost - depreciation, no problem but capital cost, I no too 'gree. Can you enlighten me please? |
Re: Youwin Business Competition 2013 by Nobody: 9:52am On Aug 15, 2014 |
neksummi:I think he is correct, capital cost is a part of fixed cost. It is cost you take on once while setting up the business. Abi? |
Re: Youwin Business Competition 2013 by medoty: 10:19am On Aug 15, 2014 |
blink182: I think he is correct, capital cost is a part of fixed cost. It is cost you take on once while setting up the business. Abi? I think its not proper to include capital and at the same time depriciation as part of FC. It will seriously affect your break even analysis and its like double charging. The best thing is to charge depriciation at appropriate rate of 10, 15 or 20 percent depending on d rate of usage. My tot, understanding and opinion though 1 Like |
(1) (2) (3) ... (32) (33) (34) (35) (36) (37) (38) ... (149) (Reply)
Elance.com, Upwork.com And Other Freelancing Site: How To Succeed Guide. / Simple Secret Of Buying Stuff At Idumota Market Lagos / Why You Should Stay Away From MMM Nigeria
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 50 |